Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Friday, May 15, 2009

Deficient Math at JS Local Desk

Walker orders a reduction in pay for some County employees. The JS reports:

For affected county workers, losing five hours of reduced pay a week would amount to about a 12.5% cut.

Maybe, but not really.

Let's assume that this reduction begins on June 1st; that means that the employees will lose 12.5% of their pay for 7 months of the year 2009.

Conventional 'compensation calculations' are annualized. In fact, the affected employees will undergo a 7.29% reduction in 2009 pay ([12.5%/12]X7). That's a hit, to be sure.

But it's not quite as bad as the JS' article would make it--if you accept convention.